595 Somerville Ave Somerville, MA 02143
- Commercial real estate
- 409 SF
Current Use by Public Records
- Richard Caron Hair Design / Beauty Salon
- Back Bay Hair Designs / Beauty Salon / Hair Salon
Property Details for 595 Somerville Ave
- Year built
- 2014
- Property size
- 409 SF
- Property type
- Commercial real estate
- APN
- SOME M:44 B:H L:14 U:A
- APU
- SOMEM44BHL14UA
Description
This exceptional commercial condominium in Somerville, Massachusetts presents a unique investment opportunity. Located at 595 Somerville Ave A, this property offers excellent street-level visibility thanks to large storefront windows. Priced at $400,000, this versatile space boasts a flexible zoning designation (MR3) allowing for a wide range of commercial uses. Previously operated as a salon, the property is available as a turnkey operation, ideal for a stylist or barber seeking an established space. Alternatively, the zoning permits uses such as fitness services, pet grooming, personal services, coffee shops, or recording studios, among others. The condo includes the added convenience of three designated guest parking spaces on-site. This is a rare chance to acquire a well-located commercial property in a thriving Somerville neighborhood with low fees and significant potential for various businesses. The property's adaptable nature and prime location make it an attractive investment for entrepreneurs and business owners alike. Contact us today to schedule a viewing and explore the possibilities. The property is offered as-is. Square footage and lot size are not currently available.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $335,000
- 6.5%
- $345,000
- 7%
- $340,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $340,000
- Geo Method
- $375,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $250,000
- Retail
- $265,000
- Mixed-Use
- $285,000
- Hospitality
- $290,000
- Educational
- $260,000
- Residential Income
- $315,000
- Energy
- $310,000
- Income-Based Land
- $270,000
- Food Service
- $275,000
Location Insight
- Map
- Local Demand
- City
- Somerville
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.1092
- Latitude
- 42.384
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA